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20120901
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. [cheers] no one could tell it as well as michelle obama, as you did last night, on monday night. i know him from a different perspective. i know him and i want to show you the character of a leader who had what it took when the american people stood on the brink of a new depression. a leader who has what it takes to lead us over the next four years to the future as great as our people. i want to take you inside the white house to see the president as i see him every day. i didn't see him and sound bites. i walked 30 paces down the hall and i see him. i watch him in action. four years ago, the middle class was already losing ground and then the bottom fell out. the financial crisis hit piece sledgehammer. all the people i grew up with. you remember the headlines. you saw some in the previews. highlight, highest job losses in 60 years. headlines, economy on the brink. it's plummet -- markets plummeted worldwide. he knew he had not only to restore the confidence of a nation but he had to restore the confidence of the whole world. [cheers] and he also knew that one false move could bring a
that in this world you need to be engaged and he is engaged smartly. >> ok. next, i want to introduce michelle. she served as undersecretary of defense for policy from february 2009 to february of this year. prior to her confirmation, she helped lead president obama's transition team at the department of defense. in 2007, she co-founded the organization that doug just referred to. the non-partisan think tank, center for a new american security. republican states like virginia, notably, are using the intended sequesters up against their democratic opponents, even though the republicans were part of the deal. i want to ask you, how serious should we take this and is there anything democrats can do in response? >> i think we do have to be worried about the prospect of sequestration not only because it would impose additional cuts across the board, but to the mindless way in which the cuts would be imposed. it is across the board cuts. no opportunity to protect priorities. choose for your point to except. -- choose where you are going to accept. it would be devastated across the board. we do have to re
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